The parent company of the Montgomery Ward website had at least 51,000 records stolen out of a database last December, but failed to notify its customers.
The breach, first detected by Citigroup, a financial services company, showed hackers found a way into HomeVisions.com, a separate website of Direct Marketing...
The Financial Modernization Act of 1999, AKA the Gramm-Leach-Bliley Act, or just plain GLBA.
However you know it, financial institutions now have had several years of regulatory oversight and examination on it, but some are still struggling to meet the regulation's myriad list of requirements, which include...
Eighty-seven percent of major data breaches could have been avoided through reasonable security measures.
This is the conclusion of a new report from Verizon Business Security Solutions, analyzing 500 forensic investigations of data breaches. Financial institutions made up 14 percent of all companies included in...
Keeping abreast of what's going on in the regulatory compliance domain is something I need to do. It's sort of the life-blood of my career these days, as I spend most of my time either managing or executing audit and assessment activities predicated upon the various regs. Beyond wanting to be certain that my clients...
How to Put the "Business" back into Business Continuity Planning
Planning for disaster - whether a simple service disruption or a pandemic event - is paramount to any financial institution. But where does the responsibility fall?
Roger Batsel, SVP, Managing Director of Information Systems at Republic Bank,...
When a Dallas, TX bank needed some help to stop unauthorized data, it pulled out the biggest guns it could locate to stop the data leaking out of its networks.
The choice was a natural progression of what the bank was already doing to stop data loss, according to Omni American Bank's Chief Information Officer Tony...
Our insightful content just became a whole lot more interactive - and opinionated.
With the debut of five new blogs on BankInfoSecurity.com and CUinfoSecurity.com, Information Security Media Group (ISMG) is opening the floodgates to a whole new level of informed opinion and two-way communication with its vast...
Credit and debit card fraud: It's the threat that keeps growing and evolving.
A year ago, many banks and credit unions were forced to cancel and reissue thousands of cards as a result of the TJX breach. More recently, banks located in Indiana saw accounts breached from ATM or debit card transactions. Indiana law...
Less than a month after TD BankNorth customers in New Hampshire were alerted by the bank that their Visa debit or credit cards may have been compromised comes news of a phishing email scam against the bank's customers. The bank, headquartered in Portland, ME, has $119 billion in assets and 1,100 locations on the east...
The water is beginning to slowly recede from last week's record rain in the Midwest, and the Federal Emergency Management Agency says more than 11 million persons will be affected by the flooding and tornadoes. One Iowa city, Cedar Rapids, was hit with what is being called a "once-in-3000-year flood. The wide ranging...
Do you know how prevalent workplace violence is?
There are over 1.7 million instances of workplace violence each year in the U.S., including simple and aggravated assaults, robbery, rape and homicide. In addition, issues surrounding workplace violence include threats, non-fatal injuries, lost work productivity,...
The clear message from banking regulators in their Senate testimony is: Banks are hurting.
The follow-up question is: Exactly how badly are they hurting, and how will their pain trickle down to impact information security programs and priorities?
Mergers and acquisitions are a way of life for financial institutions, and so many pertinent business issues bubble up whenever an M&A is discussed.
But when does information security enter the discussion?
Not early enough, says Nalneesh Gaur of Diamond Management & Technology Consultants. In this interview,...
EDITOR'S NOTE: This is the first installment of an occasional series summarizing key banking/security regulatory documents.
The Business Continuity Planning manual is part of the IT Examination Handbook from Federal Financial Institutions Examination Council (FFIEC). The March 2008 version of the BCP manual has...
An unencrypted backup tape is missing from the Bank of New York Mellon, potentially exposing information on 4.5 million customers of that bank and of People's United Bank of Bridgeport, CT.
The missing tape contains social security numbers and bank account information on 4.5 million customers - including several...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.com, you agree to our use of cookies.
